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Who was wishing for a 100+ point drop in the R2000 a while back?


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#1 89S10

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Posted 23 March 2021 - 02:36 PM

Could happen sometime soon if today's action is any indication.

 

Over the past month I was wondering whether the R2000 was strong because of a shift towards value, or because because traders thought R2000 names were places to hide from declining stock prices.

 

Have we been topping since mid-February?

 

Still don't know, but today provides a clue.

 



#2 pdx5

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Posted 23 March 2021 - 10:25 PM

Sharp drops occur more often in bull markets. Blistering rallies occur more often in bear markets.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 jesteronyer6

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Posted 24 March 2021 - 05:18 AM

We are in uncharted territory, I am keeping an eye on the banks and I see them starting to decline but let’s see if that holds. Big rallies in bear markets are due to covering shorts and long entries, the opposite does for bull markets. This is nothing more than a whipsaw market, as I said a few days I am banking on a mini crash soon or even a major, I just don’t see this market for anything more than an over bought house of cards. The Fed was able to push the recovery up in a V fashion during the Obama administration but this is the opposite. We have one problem also that not many are talking about.... big high rise buildings sitting empty... I believe we are in a commercial real estate toxic bubble. It is just a matter of time before that pops.
I love my country, I fear my government.

#4 pdx5

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Posted 24 March 2021 - 08:17 AM

Have you guys heard about the $4 Trillion ($4,000,000,000,000) infrastructure bill Biden/Pelosi/Schumer are pushing now? So first the stimulus, then the infrastructure, what will be next? You guessed it...more middle-east wars.

 

When bubbles are created, it is like catching the tiger by the tail. You just can't ever let go.


Edited by pdx5, 24 March 2021 - 08:19 AM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule